secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2026-10-01T15:35:49+00:00
Accession:  0001035092-26-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Shore Bancshares adopts deferred compensation plan for non-employee directors and amends existing plan
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- Board adopted a Deferred Compensation Plan for Non-employee Directors on September 30, 2026, effective December 31, 2026.
- Non-employee directors may defer 0% to 100% of cash compensation and 0% or 100% of shares from vested Restricted Stock Units.
- Board also amended the existing Deferred Compensation Plan to eliminate non-employee director participation after the 2026 plan year.
- Deferred amounts are credited as Deferred Stock Units; payment options include lump sum within 60 days or installments up to 10 years.
- The plan is intended to comply with Section 409A; exhibits 10.1 and 10.2 were filed with the report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000103509226000054/0001035092-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000103509226000054/shbi-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001035092-26-000054

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